The damage from Hurricane Ida in the United States will affect global supplies of cereals and oilseeds from the United States for at least a month. Over the next month, the prices on the Chicago Board of Trade will differ significantly from those of other major exporters.
The National Energy Policy Council of Brazil has approved a reduction in the content of the biocomponent in biodiesel from 13% to 10% given the strong rise in the price of soyoil.
According to the StoneX Group forecast, corn exports from Brazil will reach 18 million tons in 2021 (-1 compared to the previous estimate and 30 million tons in 2020).
According to the Ministry of Agriculture of Ukraine, the wheat production in the country will reach a record 31.2 million tons in 2021 compared to 24.9 million tons in 2020 and an estimate of 28.8 million tons made in August.
Agriculture and Agri-Food Canada project the wheat production in Canada at 20.2 million tons in 2021/22 (-11.2 million tons compared to the previous estimate and 35.2 million tons in 2020/21), which is the lowest of all latest forecasts.
In 2021/22, soybean areas in South American countries will reach 62.5 million hectares (60.45 in 2020/21), which will allow Mercosur countries to end up with a soybean production of almost 208 million tons, according to an analysis by Céleres.
